Duffy sold between $75,000 and $600,000 of stock on February 11, just two days beforeTrump first announced that he had instructed his trade advisers and federal agencies to examine imposing “reciprocal tariffs” on a “country-by-country” basis. Duffy sold $50,000 more the day of the announcement.
A Transportation Department spokesperson told ProPublica that Duffy “had no input on the timing of the sales,” and that his transactions were “part of a retirement account and not managed directly by the Secretary.”
While it’s certainly not clear that Duffy was privy to discussions about Trump’s tariff announcement before it was made, he has credited himself for laying the groundwork for the transformative (i.e. destructive) trade policy through his work on a piece of failed legislation called the U.S. Reciprocal Trade Act during his time in Congress. Duffy has said that Trump’s current policy is the “cumulation” of the work he did on that bill.
Duffy isn’t the only Cabinet member to dump stock at a suspiciously convenient time. Attorney General Pam Bondi sold between $1 and $5 million of her share in Trump Media on April 2, the same day the president’s “Liberation Day” tariff war announcement broke the stock market, according to reporting from ProPublica. Trump Media stocks specifically fell 13 percent that day.
Read More Details
Finally We wish PressBee provided you with enough information of ( Trump Transportation Chief Sure Chose a Convenient Time to Sell Stock )
Also on site :